HSBC Business Banking

[Euro-commuter]

I dont see it necessary to use the company credit card.
I prefer to claim back expenses from the Ltd company at the end of every month which simplifies my accounting.

In a real busines you would need to submit expense claims and then you would be reimbursed. That is exactly what im doing.

Only the lower minions, mate.

[OrangeHopper]

Use of company credit card avoids having to declare expense payments on P11D.

[ittony]

Use of company credit card avoids having to declare expense payments on P11D.

But according to basehead in the 2nd post on this thread, you don't need to put business expenses on your P11D even if you do pay them with a personal account. Is this wrong?

[BOBJ]

I'm just finishing the process of leaving HSBC. Moving to Abbey. They do free for life business banking and you can actually speak to peopl in your branch when you need to. HSBC are fine until you have a problem when their service becomes appaling.

Ha, I put money in an Abbey ISA, the worst move I ever made. When I came to get the money out it took about 10 months. I actually got the Financial Ombudsman involved

[Bluebird]

I dont see it necessary to use the company credit card.
I prefer to claim back expenses from the Ltd company at the end of every month which simplifies my accounting.

In a real busines you would need to submit expense claims and then you would be reimbursed. That is exactly what im doing.

I guess it depends on whether the expense is a personal one that the company is paying - i.e. subsitance or a "pure" business expense like say a Laptop.

If you were permie, you wouldn't expect to go out and buy a laptop and then claim the expense back, you'd expect the company to pay for it.

[aj1977]

HSBC/CaterAllen/Bank Of Scotland

Ha, I put money in an Abbey ISA, the worst move I ever made. When I came to get the money out it took about 10 months. I actually got the Financial Ombudsman involved

Folks,
I need to setup a business bank account for my LTD company. I have a passport personal account with HSBC.Which bank do u guys reckon is the best.I am looking for a bank which gives great interest and ideally a free or not so charge business account.I have researched around the banks websites and it gets all the more confusing..any suggestions?
Cheers
AJ

[Shieldsy]

Abbey do a good account with business reserve account paying a decent rate of interest. Had problems setting it up but i put that down to the ex-McDonalds employees they employ.

Been up and running for a while and no complaints now.

[aj1977]

Abbey do a good account with business reserve account paying a decent rate of interest. Had problems setting it up but i put that down to the ex-McDonalds employees they employ.

Been up and running for a while and no complaints now.

Is it it free??

Oops looks like there is no ATM card and you can't withdraw cash from the machine but have to call and ask for a cheque to be issued??